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Valued at a market cap of $19.7 billion, T. Rowe Price Group, Inc. (TROW) is a publicly owned investment management company that provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. The Baltimore, Maryland-based company provides a broad array of mutual funds and sub-advisory services and also offers a variety of sophisticated investment planning and guidance tools. It is scheduled to announce its fiscal Q1 earnings for 2025 before the market opens on Friday, May 2.
Ahead of this event, analysts expect this investment management company to report a profit of $2.10 per share, down 11.8% from $2.38 per share in the year-ago quarter. The company has topped Wall Street's earnings estimates in three of the last four quarters, while missing on another occasion. In Q4 2024, TROW’s EPS of $2.12 fell short of the forecasted figure by 4.9%.
